Tag: electric vehicles

Informed Comment's Juan Cole says electric vehicle sales rose despite a drop in U.S. EV sales and a fall in overall car sales in China.

Global heating has pushed warm-water reefs past a point of no return, scientists warn, with mass bleaching since 2023 affecting more than four-fifths of reefs and cascading risks for food security, coastal protection, and the global economy ahead of COP30.

The plan would get rid of a $7,500 EV tax credit for consumers within 180 days, along with home energy rebates for heat pumps and other products.

California plans to challenge the resolutions through legal action.

The UAW warns that the Trump-Vance ticket threatens Michigan’s economic future by jeopardizing a $500 million federal grant for an electric vehicle plant, while highlighting the Biden-Harris administration’s investment in American manufacturing and union jobs.

Chosen applicants will have access to up to $14,000 in incentives toward the purchase of a new or used EV or hybrid with larger cost incentives given to those that trade in their older vehicles for scrap.

Biden said the new tariffs are about "fair competition" after his aides determined that "imports of Chinese products made from aluminum and steel" were "selling the metals at prices that were falsely low to deplete the market share."

The IEA said that electric vehicle sales will reach 17 million in 2024, which is up from 14 million in 2023, according to its new Global EV Outlook 2024.

“California is poised to become the world’s largest source of batteries, and it couldn’t come at a more crucial moment in our efforts to move away from fossil fuels.”

This potential policy shift, seen as a nod to automakers and labor unions, is stirring controversy amid the escalating climate crisis, marked by last year's record-breaking global temperatures.